Flexibility in Natural Gas Supply and Demand

Flexibility is needed to cover seasonal swings and variations in gas demand, as well as to maintain short-term supply security in the case of a disruption of a supply source. In order to balance supply and demand, gas companies have devised a variety of flexibility tools such as supply swing, storage and interruptible contracts. This book analyses how new flexibility tools and mechanisms are developing with market liberalisation, and considers the differences in flexibility requirements and provisions among IEA member countries.